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Write-offs for farm machinery purchases set to expire

Write-offs for farm machinery purchases set to expire

Two new tax bills, passed in 2010, gave farmers healthy incentives for buying machinery and equipment. Both bills will expire at the end of this year, and industry experts now question whether Congress will extend the tax write-off incentives.

Farm Industry News' John Pocock takes a look at the tax provisions and what their loss would mean to U.S. farmers in Robust write-offs for farm machinery purchases are set to expire.

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